Lease vs Finance

Should you Lease?Drive the Vehicle at its Prime:
In a lease you get to enjoy a new vehicle for a specified period of time.

Less Cash up Front:
One of the biggest advantages of a lease is that it does not
usually require a substantial down payment. In many states you can pay
the sales tax as part of your monthly lease payment, rather than in a
lump sum.

Lower Monthly Payment:
If the finance period is the same, your monthly payments
will generally be lower when leasing (vs. traditional financing) because
your payments will be based on the vehicle's estimated depreciation.
(You are contracting to use a portion of the car's value, rather than
buying the entire car).

A New Car More Often:
A short-term lease makes it easy to drive a new car more
frequently. Plus, if life changes demand a larger or smaller car in a
few years, a lease can make it easier to plan and adapt.

Guaranteed Future Value:
You don't have to worry about resale value. If your car
depreciates more than the estimated residual value in your lease
contract at full term, you can turn it in at the end of your lease term.
But if it's worth more, you can purchase it.

Tax Advantage for Business Use:
People who use a lease car for business may find larger tax
deductions with leasing than with buying a vehicle. Check with your tax
adviser.

Should you Finance?Get the Most Out of Your Vehicle:If you typically
keep your vehicle for 5 to 10 years, then traditional financing may be
your best option. With our competitive rates and flexible terms, Acura
Financial Services just may be your best choice in financing your new
vehicle.

Ownership Equity:
Payment by payment, your ownership equity may increase. And
the longer you drive the vehicle after it is paid off, the more value
you derive from your investment.

No Restrictions on Mileage:
This is important to consider if you drive more than 12,000 to 15,000 miles per year.

Make Changes to Cars Appearance:You can alter the
interior or exterior to suit your taste (though your choices may affect
the resale value and any alterations must comply with applicable law).